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Castings ( (GB:CGS) ) just unveiled an announcement.
Castings PLC has announced that it will release its financial results for the year ending 31 March 2025 on 11 June 2025. This announcement is significant for stakeholders as it provides insights into the company’s performance and its strategic positioning in the European heavy truck market, potentially affecting its relationships with major OEMs and other sectors it serves.
The most recent analyst rating on (GB:CGS) stock is a Buy with a £4.60 price target. To see the full list of analyst forecasts on Castings stock, see the GB:CGS Stock Forecast page.
Spark’s Take on GB:CGS Stock
According to Spark, TipRanks’ AI Analyst, GB:CGS is a Outperform.
Castings PLC maintains a solid financial foundation with robust revenue and profit growth, supported by a strong balance sheet. However, technical indicators suggest a bearish trend, and recent corporate events indicate challenges in demand and profitability. Despite these challenges, the stock’s attractive valuation and high dividend yield provide some upside potential.
To see Spark’s full report on GB:CGS stock, click here.
More about Castings
Castings PLC is a leading UK-based iron casting and machining group, primarily serving the European heavy truck market. The company boasts a foundry capacity of 70,000 tonnes annually and utilizes advanced automation technologies to produce a high mix of low volume parts efficiently. Castings PLC maintains long-term relationships with major OEMs and also supplies the wind power, agriculture, rail, and material handling sectors.
Average Trading Volume: 40,129
Technical Sentiment Signal: Sell
Current Market Cap: £116.7M
Learn more about CGS stock on TipRanks’ Stock Analysis page.